Defense Acquisition University: CON 200 Business Decisions for Contracting: Exam - Mods 1 and 2. All Answers Provided - $14.49   Add to cart

Exam (elaborations)

Defense Acquisition University: CON 200 Business Decisions for Contracting: Exam - Mods 1 and 2. All Answers Provided

CON 200 Business Decisions for Contracting: Exam - Mods 1 and 2. Exam - Mods 1 and 2 ________________________________________ 1) Commitment is a key factor to a successful relationship. Which of the following describes what commitment means? [Identify the characteristics of a strong business relationship.] [Remediation Accessed :N] Each of the parties can work together to maximize the overall benefit for all, even if some of their immediate individual needs conflict Relying on the contractor as the sole source of the commodity or service Sharing information with the preferred contractor (with whom you have a long-standing, mutually beneficial business relationship) that enables that contractor to construct a proposal that closely targets the government’s needs Each of the parties has provided written verification of project goals ________________________________________ 2) Which of the following Acquisition Integrated Product Team documents describes high level objectives and assigns key roles and responsibilities? [Recognize strategies for developing effective business relationships within the Acquisition Integrated Product Team (IPT) and among identified stakeholders.] Team Charter Project Plan Acquisition Plan Program Management Plan ________________________________________ 3) Which of the following is NOT a primary focus area of Better Buying Power Initiatives? [Recognize how buying practices and contract strategies can affect your business relationships.] [Remediation Accessed :N] Fixed price contracts are the preferred method of contracting. Achieve affordable programs. Improve tradecraft in acquisition of services. Improve professionalism of the total acquisition workforce. ________________________________________ 4) You just got a call from a personnel manager of a national corporation. He is interested in talking to you about a position within his company. What a coincidence. You are also in the process of evaluating contractor Request for Proposal (RFP) responses, one of which is from this corporation. What should you do? [Given a scenario that includes various laws, regulations, and/or policies, apply the best course of action and determine the impact on the government-contractor relationship.] [Remediation Accessed :N] Inform your supervisor that you have been contacted about a job with a contractor that you are currently evaluating. Use annual leave to keep an appointment to talk to the personnel manager of this corporation. Continue evaluating the offers as if nothing has happened. Tell your friend that you can’t do anything right now but you’d be delighted to talk to his cousin after you get this contract awarded. ________________________________________ 5) Which of the following is true regarding strategic sourcing? [Define strategic sourcing.] It is relevant to sole sourced commodities as well as those with multiple sources. It is a One Size Fits All Solution. It is the same as leveraged buying. It must be applied at the enterprise level. ________________________________________ 6) Strategic sourcing is a structured, collaborative process that is intended to provide what types of benefits? [Identify the key objectives and benefits of strategic sourcing.] Reduce the total cost of ownership of the supplies and services purchased Reduce only the cost of purchasing supplies and services Improve customer business processes only Identify the least expensive alternative supplies or services ________________________________________ 7) What are the pre-award process steps in the DoD Strategic Sourcing Framework? [Identify the pre-award steps and procedures for conducting a strategic sourcing project.] Opportunity Assessment, Current Strategy Review, Market Research, Requirements Definition, and Sourcing Strategy Development Current Strategy Review, Market Research, Requirements Definition, Sourcing Strategy Development, and Strategy Execution Market Research, Requirements Definition, Sourcing Strategy Development, and Strategy Execution Opportunity Assessment, Market Research, Requirements Definition, and Sourcing Strategy Development ________________________________________ 8) Which two commodity strategies offer clear opportunities for joint improvement efforts with suppliers? [Identify the award and post-award steps and procedures for conducting a strategic sourcing project.] [Remediation Accessed :N] Strategic Relationship and Process Improvement Volume Leveraging and Demand Management Best Price Analysis and Strategic Relationship Process Improvement and Demand Management contains 4 Questions ________________________________________ 1) You are administering a contract that has gotten off to a rocky start. It has become evident that the contractor’s interpretation of the contract requirements is significantly different from what your customer needs. Tensions between contractor and customer personnel have been escalating. What action should you take to demonstrate your commitment to getting the business relationship back on track? [Identify the characteristics of a strong business relationship.] Host a meeting where both parties can work together on developing a collective solution for resolving the issues. Listen to the contractor’s issues while stressing the importance that the contractor does what is necessary to satisfy the customer. Invite both parties to attend a meeting in which the customer personnel blame the contractor for inadequate performance. Discuss with the contractor the contractual remedies that you may pursue if contract performance does not improve significantly. ________________________________________ 2) Engaging industry to conduct an effective assessment of small business capabilities helps achieve which key Better Buying Power focus area? [Recognize how buying practices and contract strategies can affect your business relationships.] Promote effective competition. Eliminate unproductive processes and bureaucracy. Improve tradecraft in acquisition of services. Exam - Mods 3 and 4 1) You are working on a research and development requirement to develop a new sensor that can be integrated into military uniforms to monitor the environment. The sensor will identify the existence of specific contaminants in the immediate area. This requirement will incorporate state-of-the-art technology that will be used to warn troops of potential dangers. What is the risk associated with this requirement? [Identify program cost, schedule, and performance risk events.] Technical performance since this requirement will use new technology applications. Acquisition costs since this requirement will incorporate research and development costs in addition to manufacturing costs. Acquisition costs since this requirement will use off-the-shelf commercial materials. Acquisition schedule since this requirement has not received any political interest. ________________________________________ 2) In order to meet the complex challenges of an upcoming requirement, the acquisition manager has established a dedicated team that is responsible for all aspects of risk management. The team will write the risk management plan, conduct assessments, and evaluate risk-handling strategies. What approach is the team taking? [Identify the role that risk management plays in successful contract completion.] A centralized risk management approach A decentralized risk management approach A risk averse approach A risk-reward approach ________________________________________ 3) You are working with your customer to identify the potential risk on a new requirement for a research and development contract to design and build a prototype for a new mass transportation system. Which of these activities would you perform during risk identification? [Given an acquisition scenario, apply the key steps of the Risk Management Process.] Conduct SWOT analysis, Brainstorming sessions, research lessons learned, and other similar, related methods Determine the probability that risks will occur Identify ways to minimize the impact of risks Change requirements to reduce risk to an acceptable level ________________________________________ 4) You are working with your program manager (PM) to integrate risk management with other program management tools. The PM asks you to break down the subject requirement into its sub products at lower levels of detail to provide the Risk Management Team greater insight into the various levels and components of the acquisition. Which tool should you use to satisfy the PM's request? [Recognize how risk management is integrated with other program management tools and processes.] Work Breakdown Structure Integrated Master Plan Earned Value Management Integrated Master Schedule ________________________________________ 5) This contract is performed by personnel that are not subject to the supervision and control of the government. [Define services to include non-personal and personal services.] Non-personal services contract Advisory and assistance services contract Service contract Personal service contract ________________________________________ 6) In pursuing a performance-based strategy, what must the service requirements be described based on? [Identify the elements of performance-based acquisition.] The required results or outcomes How the work is to be accomplished The number of hours to be provided The number of personnel required ________________________________________ 7) You and your acquisition team have just completed the requirements roadmap for the upcoming satellite control services center contract. You are now ready to begin developing the Performance Work Statement (PWS) and Quality Assurance Surveillance Plan (QASP). These are activities that would occur during which phase of the Services Acquisition Process? [Identify the phases of the Services Acquisition Process.] Development Planning Execution Research Exam - Mod 5 contains 9 Questions ________________________________________ 1) Government-wide small business goals are established by Congress and administered by the Small Business Administration (SBA). What system do agencies use to report their goal achievement to the SBA? [Identify the elements of the DoD Small Business Program for defense acquisitions.] Federal Procurement Data System (FPDS) System for Award Management (SAM) Standard Procurement System (SPS) Acquisition Career Management Information System (ACMIS) ________________________________________ 2) What question(s) should always be asked in the acquisition planning process regarding small businesses? [Identify the role of the contract specialist and small business professional on the Acquisition Team and the benefits of early involvement by the small business professional in acquisition planning and market research.] Are there two or more capable small businesses that can perform the work? If not, are small businesses capable of performing as a subcontractor? Is there a local small business that is available to perform the work? Can a large business perform the work better than a small business? What subcontracting possibilities are there for large and small businesses? ________________________________________ 3) To be a qualified Historically Underutilized Business Zone (HUBZone) small business concern a company must be a small business as determined by the size standards, have the principal office located in a HUBZone, be certified by the Small Business Administration (SBA), and meet what other requirement? [Explain the different types of small business set-asides, the Rule of Two, and the eligibility rules that firms follow to be eligible for a particular small business set-aside.] Have at least 35% of the company’s employees residing in a HUBZone Have at least 35% of the company’s employees residing in a HUBZone but all must be residing in the same HUBZone as the company’s principal office Have at least 50% of employees being economically disadvantaged Have at least 50% of employees being socially disadvantaged ________________________________________ 4) You are working on an unrestricted Request for Proposal for the conversion of a payroll system at a Federal installation. The project is a highly complex non-commercial system with an estimated cost of $17 million. Historically, contracts of this magnitude have been awarded to large businesses; however several components are available from small businesses. Other than making this a total small business set-aside, what can you do to ensure small businesses have an opportunity to participate in contract performance? [Determine the requirements for a subcontracting plan.] Require the apparently successful offeror to submit an acceptable subcontracting plan. Contact the small businesses to see if they would like you to make this requirement a total small business set-aside. Provide monetary incentives to any small businesses that submit an offer to the government. Require a subcontracting plan with zero goals when negotiating with a small business. ________________________________________ 5) Which evaluation factor can be used to help evaluate the small business utilization of a vendor when doing a source selection? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] [Remediation Accessed :N] Past performance Key personnel Price Management Plan ________________________________________ 6) Monetary incentives for subcontracting should be used to encourage contractors to provide a unique outreach program to utilize targeted groups in non-traditional areas. [Recognize when monetary incentives may be appropriate in the solicitation and contract.] False True ________________________________________ 7) You are the contracting officer for a $5 million spare parts contract. The prime contractor does not have an approved purchasing system. The prime contractor intends to award a $1 million cost reimbursement subcontract. In this case, consent to subcontract is required in advance of the subcontract award. [Determine the need for subcontract consent.] False True ________________________________________ 8) Six months ago you awarded a contract which included a subcontracting plan requiring the contractor to achieve a 10 percent goal for using small businesses. At contract completion, the contractor failed to meet this goal. What action should the contracting officer take next? [Identify subcontract management requirements.] Determine if the contractor made a good faith effort to meet the goal. Terminate the contractor for default. Determine the contractor to be ineligible for any future government contracts. File a claim against the contractor. ________________________________________ 9) Which of the following is a required characteristic to determine bundling of requirements? [Identify key components of various other small business programs and issues that could impact an acquisition.] Consolidation of two or more requirements Estimated value of contract, including options, is over $8 million Requirements are combined into two or more contracts Requirement can be met by either large or small business contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. contains 1 Questions ________________________________________ 1) Which of the following applies to a small business participation plan, rather than a subcontacting plan? [Compare and contrast subcontracting plans and small business participation plans and the elements of each in the source selection evaluation process.] It evaluates overall small business participation and can be a rated evaluation factor. It is evaluated against requirements of FAR 52.219-9 included in the solicitation. It is pass/fail. It requires coverage of all 11 required elements in accordance with FAR 19.704. Exam - Mods 6 and 7 1) You are the contracting officer on the Wingless Aviation program for the Air Force. The source selection authority has appointed functional experts to the Source Selection Evaluation Board (SSEB). Who is responsible for managing the acquisition program including developing and implementing the acquisition strategy? [Identify the roles and responsibilities of each source selection participant.] Program Manager Source Selection Authority SSEB Chairperson Source Selection Advisory Council (SSAC) ________________________________________ 2) The acquisition strategy, evaluation factors, and team members are all required in which plan? [Identify the key elements of a source selection plan.] Source Selection Plan Test and Evaluation Master Plan Acquisition Plan Risk Management Plan ________________________________________ 3) You are the contracting officer for the Assault Amphibious Vehicle Modification Program. There are 650 vehicles requiring modification to some very tough design standards. There is serious concern about how the current offerors are going to accomplish this due to the previous contractor's long struggle to meet the required standards. In your evaluation of non-price factors, besides price or cost, what is the most important consideration for award evaluation? [Identify the key procedures for conducting a source selection.] Analysis of quality considerations of the work to be performed by addressing non-cost evaluation factors, with an emphasis on technical excellence. The extent to which the offerors are proposing to use small disadvantaged businesses for subcontracting work. The number of other contracts with the federal government that the offerors have, both past and present. An in-depth analysis of the offerors' past performance, with a focus on contracts that were awarded more than 10 years previous to the current requirement. ________________________________________ 4) You are asked to determine if one of several contractors submitting offers on a solicitation is responsible. The requirement is for critically needed parts and has a short turn-around time from award to delivery. Based on data you obtain, you notice that this contractor is operating three fully manned shifts a day and has several months of backlogged work still waiting to start. Under which General Standard of Responsibility might you determine the contractor to be non-responsible? [Identify the standards of contractor responsibility.] [Remediation Accessed :N] Not able to comply with the required or proposed delivery or performance schedule Inadequate financial resources to perform the contract and unable to obtain them Not qualified or ineligible to receive an award under applicable laws and regulations Unsatisfactory performance record ________________________________________ 5) You are trying to determine the responsibility of ABC Equipment, Inc. This company has bid on a solicitation which your office has issued. After doing some research you find that this is the first time your office has dealt with this contractor and the local Pre-Award Survey Manager has no available information on him. You don’t really have time to request a pre-award survey on him. What should you do? [Identify the procedures to determine contractor responsibility.] Provide the contractor with a list of questions which he can respond to which you could use for determining responsibility. Forget about responsibility and award the contract to the technically acceptable lowest bid contractor. Determine him to be non-responsible and award to the next contractor in line for award. Ask your division chief to waive the requirements of FAR 9.1, Responsible Prospective Contractor. ________________________________________ 6) A receipt of a Certificate of Competency has no bearing on the need for or entitlement to contract financing. [Identify the criteria for providing contract financing.] True False ________________________________________ 7) For the XYZ Program, you need to acquire non-commercial items, and it looks like contractor financing is justified. Which are the types of contract financing that are applicable in non-commercial acquisitions? [Identify the types of contract financing applicable in non-commercial acquisitions.] [Remediation Accessed :N] Performance-based payments, progress payments based on costs, progress payments based on percentage or stage of completion, loan guarantees, and advance payments Performance-based payments, progress payments based on costs, invoice/delivery payments, payments for partial deliveries, and advance payments Performance-based payments, loan guarantees, payments for partial deliveries, lease and rental payments, and advance payments Performance-based payments, payments for partial deliveries, advance payments, loan guarantees, and progress payments ________________________________________ 8) You are responsible for a fixed-price contract and your contractor has a government approved accounting system. You haven’t been able to agree to any key milestones. Which of the following type of contract financing is most appropriate? [Identify the conditions for using performance-based payments and progress payments.] [Remediation Accessed :N] Progress payments based on cost Progress payments based on percentage of completion Performance-based payments Loan guarantees ________________________________________ 9) The selection of good payment events is critical to the performance-based payment process. Which of the following statements represents a common characteristic of good performance-based payment events? [Select the appropriate non-commercial contract financing terms and conditions for a given contract (performance-based payments and progress payments).] They are clear milestones in the path toward ultimate completion of contract. They must not represent a physical change in the product. They ensure incurred costs are allocated correctly. The value of the work performed is not discernible. ________________________________________ 10) You are reviewing a Progress Payment Request on a $2,500,000 contract with a 90% progress payment rate. The payment request is for the Total Cost Incurred to Date of $2,000,000 and the Total Estimated Additional Cost to Complete of $1,000,000. The Loss Ratio Factor is 83.3%. Currently, what is the maximum total progress payment amount that you can authorize? [Calculate the appropriate contract financing payment amount for performance-based payments and progress payments.] [Remediation Accessed :N] $1,499,400 $1,606,500 $1,874,250 $2,812,500 ________________________________________ 11) The Wanabee Big Corp., a small, high-tech defense contractor, possesses technical abilities considered essential to the Department of Defense. Wanabee manufactures several key, military-unique components for the critical F-29 fighter jet. Unfortunately, the company’s financial condition is weak. The chief executive officer (CEO) recently contacted the government procuring contracting officer (PCO) and requested advance payments on a just-signed $18 million contract. The PCO has determined that Wanabee meets all the statutory requirements and standards. What action should the PCO now take? [Identify the conditions for using loan guarantees, advance payments, and interim vouchers.] [Remediation Accessed :N] Recommend that the agency authorize non-commercial advance payments since Wanabee’s technical ability is considered essential to the agency. Provide commercial advance payments, but continue to closely monitor the contractor’s performance and financial condition to reduce the government’s financial risk. Inform Wanabee that the risk associated with their weak financial condition automatically makes them ineligible for any type of financing. Instruct Wanabee to initiate paperwork to get a loan guarantee through the Federal Reserve Bank instead of advance payments. 1) Your boss has asked you to determine contractor responsibility on a contract that is going to include progress payments. In addition to Federal Acquisition Regulation (FAR) standards of contractor responsibility, the Defense Federal Acquisition Regulation Supplement (DFARS) requires that the contractor’s accounting system must meet what standard? [Identify the standards of contractor responsibility.] Minimizes the risk of misallocations and mischarges. Tracks cost associated with the contract. Records the dollars subcontracted to small business. Determines the reasonableness of cost incurred. ________________________________________ 2) Which method of non-commercial financing is limited by Congressional authorization? [Identify the types of contract financing applicable in non-commercial acquisitions.] Loan guarantees Progress payments Advance payments Performance-based payments ________________________________________ 3) According to Dr. Ashton Carter, (then Under Secretary of AT&L) in his September 2010 Memorandum for Acquisition Professionals, what should be the basis of negotiations for all fixed price contracts that provide contract financing? [Identify the conditions for using performance-based payments and progress payments.] Customary progress payments Performance-based payment event valuations The robustness of the offeror's accounting system The offeror's financial situation ________________________________________ 4) You award a $2,000,000 contract to a small disadvantaged business. The contract includes a progress payment rate of 90%. One month after award, the contractor submits his first progress payment request with total incurred costs to-date of $250,000. How much is the contractor eligible to receive? [Calculate the appropriate contract financing payment amount for performance-based payments and progress payments.] $225,000 $0 $250,000 $25,000 ________________________________________ 5) You receive a call from a contractor regarding interim cost vouchers. He needs to get permission to submit their interim cost vouchers directly to the payment office. Whose approval is required to allow the contractor to send his interim vouchers directly to the payment office? [Identify the conditions for using loan guarantees, advance payments, and interim vouchers.] Defense Contract Audit Agency Administrative Contracting Officer Head of the Agency Procurement Contracting Officer ________________________________________ Exam - Mods 8 and 9 • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. Back to Status page contains 14 Questions ________________________________________ 1) One of the key characteristics that differentiates the various types of incentive contracts is whether or not objective targets can be established for performance. Which incentive type contract is most appropriate when objective targets for performance can be established? [Contrast the key characteristics of the various types of incentive contracts.] Cost-plus-incentive-fee Cost-plus-award-fee Fixed-price award fee Firm-fixed price ________________________________________ 2) When examining the effectiveness of award and incentive fees in Department of Defense (DoD) contracts, the Government Accountability Office (GAO) found that the power of monetary incentives to motivate excellent contractor performance and improve acquisition outcomes is diluted by the way DoD structures and implements incentives. [Recognize concerns that affect the use of incentive contracts.] False True ________________________________________ 3) What is an undefinitized contract action? [Identify the key characteristics of an undefinitized contract action (UCA).] Any action for which the terms, specifications, or prices are not agreed upon before performance has begun. A contract that is indefinite because it includes a cost, performance, and or delivery/schedule incentive. An indefinite contract that includes a ceiling price along with a profit sharing formula to motivate cost control. A contract that is indefinite because it includes a fee adjustment formula to determine the final fee the contractor will be paid at contract completion. ________________________________________ 4) The Army Tank-Automotive and Armaments Command (TACOM) Life Cycle Management Command has an urgent need to acquire periscope head assemblies for the Bradley Fighting Vehicle System. Due to this urgent need, there is insufficient time to use normal contracting vehicles to acquire these head assemblies. What option is available to the contracting officer for making sure this need is met in a timely manner? [Determine when the use of an undefinitized contract action is appropriate.] [Remediation Accessed :N] Use a letter contract and include as many terms and conditions as possible under the circumstances. Use the government purchase card as this requirement will not exceed the micropurchase threshold. Use an unpriced purchase order because this requirement will not exceed the simplified acquisition threshold. Use a cost reimbursement contract since this requirement is a research and development effort. ________________________________________ 5) Delayed definitization of undefinitized contract actions (UCAs) transfers additional cost and performance risk to the government, since contractors are normally reimbursed for all allowable costs incurred before definitization. [Recognize concerns that affect the use of undefinitized contract actions.] False True ________________________________________ 6) Within the DoD, a written Acquisition Plan is required for all contracts over $1 million. [Recognize conditions under which a written Acquisition Plan is required.] False True ________________________________________ 7) Market research indicates that no small business can meet your acquisition requirements. Which member of the Acquisition Team is most appropriate for coordinating the findings and seeking assistance from outside agencies? [Given an acquisition scenario, determine the roles and responsibilities of all personnel responsible for significant aspects of the Acquisition Plan.] Small Business Professional Contracting Officer Program Manager Competition advocate ________________________________________ 8) As a best practice, when should the small business professional become involved in acquisition planning? [Recognize circumstances under which the planner must coordinate the Acquisition Plan or strategy with the cognizant small business professional.] As early as possible in the procurement process As soon as market research has been conducted As soon as requirements have been defined As soon as the draft acquisition strategy has been developed ________________________________________ 9) Which of the following is a step in the acquisition planning process? [Identify the steps in the Acquisition Planning Process.] Get feedback from stakeholders and industry. Develop the Integrated Logistics Support Plan (ILSP). Train the Source Selection Team. Conduct performance management. ________________________________________ 10) Which of the following is a factor that must be considered when determining the depth and breadth of acquisition planning a requirement will demand? [Identify the key factors that must be considered when determining the depth and breadth of acquisition planning a requirement will demand.] Urgency of need Experience level of Source Selection Team Workload of Acquisition Team Expected likelihood of a protest ________________________________________ 11) What must the accountable property officer ensure is kept while a contractor has government property in its possession? [Identify how the inclusion of government property in a contract impacts the administration of that contract.] Accountable Property System of Record Full Coverage Property Insurance Facility Security Program Liquidation of Property Payments ________________________________________ 12) The Army is developing new communication suite gear for its infantrymen, replacing gear previously acquired on seven different contracts. The requirement will have a single contractor perform integration of modules from several manufacturers. The battery systems have not been produced previously and battery and other component costs are not stable. You’ve already identified objective performance-based contracting methods to motivate the contractor’s performance. Which contract type would be most suitable for this requirement? [Determine what type of incentive contract is appropriate in a given situation.] [Remediation Accessed :N] Cost-plus-incentive-fee Fixed-price incentive firm Cost-plus-award-fee Fixed-price-award-fee ________________________________________ 13) The contracting officer is drafting a competitive solicitation that includes provisions for government property. What should the contracting officer communicate regarding government property? [Identify the impact of the government’s policy on providing government property (GP) during acquisition planning.] Make offerors aware that they are responsible for all costs related to making the property available for use, such as payment of all transportation, installation, or rehabilitation costs Make offerors aware that they can get evaluation credit for declining government property Limit government property to offerors that have not provided the service previously Make offerors aware of government property currently provided under similar contracts ________________________________________ 14) Which one of the following statements best represents a business case where government property should be provided? [Identify when the inclusion of government property (GP) is justified in a contract.] [Remediation Accessed :N] Providing the property does not substantially increase the government’s risk. It is clearly demonstrated to be in the contractor’s best interest. The overall benefit to the procurement exceeds the increased cost of administration, excluding disposal costs. The contractor claims an inability or unwillingness to supply its own resources, and the government has that property available. ________________________________________ Exam - Mods 8 and 9 • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. Back to Status page contains 3 Questions ________________________________________ 1) A tsunami has slammed into Kunsan Air Base, causing extreme damage to the runway. After preservation of life and limb, it is critical that Kunsan be able to resume its flying mission. You have been tasked with getting this runway up and running as soon as possible. How can you best accomplish this objective? [Determine when the use of an undefinitized contract action is appropriate.] Award an undefinitized contract action in the form of a letter contract. Award a firm-fixed-price contract using normal contracting procedures. Award a cost reimbursement contract using normal contracting procedures. Award a purchase order in accordance with Federal Acquisition Regulation (FAR) Part 13. ________________________________________ 2) You are preparing a Request for Proposal (RFP) for your base to renovate storage facilities on your installation. Materials and construction techniques for the work are well known, as this is the second round of renovations. You want to motivate the contractor to meet an aggressive delivery schedule. Select the most appropriate contract type. [Determine what type of incentive contract is appropriate in a given situation.] Firm fixed-price with schedule incentive Cost-plus-incentive-fee Fixed-price award fee Cost-plus-fixed-fee ________________________________________ 3) Which one of the following is a valid reason for providing government property? [Identify when the inclusion of government property (GP) is justified in a contract.] The government may have long lead-time assets already on hand to achieve timely or expedited delivery. Providing government-furnished property always achieves a lower cost since the government has already purchased that property. The contractor claims an inability or unwillingness to supply its own resources and the government has that property available. To give small businesses a competitive advantage over large businesses. ________________________________________ Exam – Mods 8 and 9 ________________________________________ 1) Which incentive type contract is most appropriate when there is a solid base for pricing and objective targets can be established for performance? [Contrast the key characteristics of the various types of incentive contracts.] Fixed-price incentive firm Cost-plus-incentive-fee Fixed-price award fee Firm-fixed price ________________________________________ 2) Incentive contracts are designed to attain specific acquisition objectives by rewarding contractor achievements that exceed stated targets and withholding incentives when contractors fail to attain stated targets. Under these contracts, how is the profit/fee affected? [Recognize concerns that affect the use of incentive contracts.] [Remediation Accessed :N] Profit/fee increases when contract performance targets are surpassed. Profit/fee does not change regardless of the contractor’s performance under the contract. Profit/fee decreases when contract performance targets are surpassed. Profit/fee incentives are tied only to the contractor’s achievement of subjective criteria. ________________________________________ 3) Federal agencies are required to include an overall price ceiling in a contract when the award is based on competition; however DoD contracting officers are NOT required to include any type of price ceiling in any of its undefinitized contract actions. [Identify the key characteristics of an undefinitized contract action (UCA).] [Remediation Accessed :N] False True ________________________________________ 4) The Army Tank-Automotive and Armaments Command (TACOM) Life Cycle Management Command has an urgent need to acquire periscope head assemblies for the Bradley Fighting Vehicle System. Due to this urgent need, there is insufficient time to use normal contracting vehicles to acquire these head assemblies. What option is available to the contracting officer for making sure this need is met in a timely manner? [Determine when the use of an undefinitized contract action is appropriate.] Use a letter contract and include as many terms and conditions as possible under the circumstances. Use the government purchase card as this requirement will not exceed the micropurchase threshold. Use an unpriced purchase order because this requirement will not exceed the simplified acquisition threshold. Use a cost reimbursement contract since this requirement is a research and development effort. ________________________________________ 5) You are working on an undefinitized contract action (UCA) for the purchase of cargo hooks for the CH-47 Chinook helicopter. The not-to-exceed (NTE) price is $7,000,000. Can you obligate the total amount at time of award? Why or why not? [Recognize concerns that affect the use of undefinitized contract actions.] No, the regulations only allow you to obligate up to 50 percent of the estimated definitized contract cost price prior to definitization. Yes, the regulations allow you to obligate 100% of the NTE price prior to definitization. No, the regulations only allow you to obligate up to 20% of the NTE price prior to definitization. Yes, the regulations allow you to obligate 20 percent of the NTE price prior to definitization. ________________________________________ 6) Within the DoD, a written Acquisition Plan is required for all contracts over $1 million. [Recognize conditions under which a written Acquisition Plan is required.] True False ________________________________________ 7) The Acquisition Team for the Night Rider Stealth System is meeting to discuss the Acquisition Plan. Who has overall responsibility for acquisition planning? [Given an acquisition scenario, determine the roles and responsibilities of all personnel responsible for significant aspects of the Acquisition Plan.] Program Manager Contracting Officer Technical Evaluator Customer ________________________________________ 8) The point at which acquisition planners shall first coordinate the Acquisition Plan or strategy with the cognizant small business professional is once the requirements have been defined. [Recognize circumstances under which the planner must coordinate the Acquisition Plan or strategy with the cognizant small business professional.] [Remediation Accessed :N] False True ________________________________________ 9) During which step of the acquisition planning process does the Acquisition Team review market research results to determine how competitive the market is and identify small business opportunities? [Identify the steps in the Acquisition Planning Process.] Develop preliminary business case and acquisition strategy. Finalize the acquisition strategy. Allocate the workload within the Acquisition Team. Prepare the acquisition planning documents. ________________________________________ 10) Which of the following is a factor that must be considered when determining the depth and breadth of acquisition planning a requirement will demand? [Identify the key factors that must be considered when determining the depth and breadth of acquisition planning a requirement will demand.] Urgency of need Experience level of Source Selection Team Workload of Acquisition Team Expected likelihood of a protest ________________________________________ 11) What must the accountable property officer ensure is kept while a contractor has government property in its possession? [Identify how the inclusion of government property in a contract impacts the administration of that contract.] Accountable Property System of Record Full Coverage Property Insurance Facility Security Program Liquidation of Property Payments ________________________________________ 12) You are preparing a Request for Proposal (RFP) for your base to renovate storage facilities on your installation. Materials and construction techniques for the work are well known, as this is the second round of renovations. You want to motivate the contractor to meet an aggressive delivery schedule. Select the most appropriate contract type. [Determine what type of incentive contract is appropriate in a given situation.] Firm fixed-price with schedule incentive Cost-plus-incentive-fee Fixed-price award fee Cost-plus-fixed-fee ________________________________________ 13) You are planning a solicitation that offers government property. Identify the item that you will require a contractor to submit with his/her offer. [Identify the impact of the government’s policy on providing government property (GP) during acquisition planning.] A description of the Property Management Plan A statement that property is furnished as is A Property Control System The specific dates during which property will be used ________________________________________ 14) Which one of the following is a valid reason for providing government property? [Identify when the inclusion of government property (GP) is justified in a contract.] The government may have long lead-time assets already on hand to achieve timely or expedited delivery. Providing government-furnished property always achieves a lower cost since the government has already purchased that property. The contractor claims an inability or unwillingness to supply its own resources and the government has that property available. To give small businesses a competitive advantage over large businesses. contains 3 Questions ________________________________________ 1) On a Navy ship construction contract, 50 percent of the award fee money, or $28 million, was based on management criteria including how responsive the contractor was to the government customers, the quality and accuracy of contractor proposals, and the timeliness of contract data requirements. What does the use of such criteria represent? [Recognize concerns that affect the use of incentive contracts.] [Remediation Accessed :N] DoD’s failure to structure the contract in a way that effectively motivates contractors to improve performance and achieve acquisition outcomes. DoD’s ability to structure the contract in a way that effectively motivates contractors to improve performance and achieve acquisition outcomes. DoD’ s use of objective criteria to measure performance under an incentive contract. DoD’s practice of paying the contractor only when acquisition outcomes are achieved. ________________________________________ 2) What is an undefinitized contract action? [Identify the key characteristics of an undefinitized contract action (UCA).] Any action for which the terms, specifications, or prices are not agreed upon before performance has begun. A contract that is indefinite because it includes a cost, performance, and or delivery/schedule incentive. An indefinite contract that includes a ceiling price along with a profit sharing formula to motivate cost control. A contract that is indefinite because it includes a fee adjustment formula to determine the final fee the contractor will be paid at contract completion. ________________________________________ 3) Under which of the following circumstances is coordination with the small business professional required? [Recognize circumstances under which the planner must coordinate the Acquisition Plan or strategy with the cognizant small business professional.] $10 million General Services Administration contract $7 million Department of Defense contract $5 million National Aeronautics and Space Administration contract Whenever the requirement will be a total set-aside for small business

Preview 4 out of 31  pages

browsegradesdotcom

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 450,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

$ 14.49
  • (0)
  Add to cart